Global Market for Hydrogen Fuel Cell Vehicles, says that by 2020,
sufficient hydrogen filling infrastructures would be in place in several
regions of the world, giving an initial boost to the market for hydrogen
fuel cell vehicles. Early users of these vehicles are fleets and
high-end consumers.

This is a market research report on the global market for hydrogen fuel
cell vehicles. Fuel cell technology can be used in virtually every kind
of transportation, including cars, trucks, buses, forklifts,
motorcycles, bicycles, airplanes, boats, submarines, and trams. However,
the focus of this study is light vehicles, which includes cars, minivans
and small trucks. These vehicles have gross weight of up to 6 metric
tons or North American Class 5 gross vehicle weight rating.

Hydrogen fuel cell electric vehicles represent the next generation of
electric drive vehicles, and these vehicles have entered
commercialization phase. With zero emission capability, these vehicles
represent the future of the automobile. By 2050, these vehicles will be
the fastest growing segment of the automobile market. Three major
automobile manufacturers, Toyota, Honda, and Hyundai have rolled out
hydrogen fuel cell vehicles, and several other major automakers are
poised to enter the market. This will trigger intense completion,
resulting in a gradual decline in the prices of these vehicles.

By 2020, sufficient hydrogen fueling infrastructures will be in place in
several regions of the world, giving an initial boost to the market for
these vehicles. As fueling infrastructures further expand during the
2020's, hydrogen fuel cell vehicles will begin to garner greater market
acceptance, resulting in faster market penetration. Customers of these
vehicles include vehicle fleets, governments, and early adopters. Until
a critical mass of customers is reached in the 2030 timeframe, the
market will remained confined to affluent segments of society.

Cumulatively, over 22.6 million hydrogen fuel cell vehicles will be sold
worldwide by 2032. These sales will generate cumulative revenues upwards
of $1.24 trillion for the auto industry.